RAADR Inc (OTCMKTS:RDAR) which is known as an ‘internet anti-bullying company’ has tanked by 18% this morning after the company announced changes to its business strategy description.
The announcement has clearly not been appreciated by the market but the company did point out that the change in description does not mean that RAADR’s business plan is going to change. It was also pointed out that the it is a new branding strategy and will created a better description of what the company is actually all about.
The company has been in business since 2015 and during that period it has been working towards making the internet a safer place for children. RAADR claims that it has decided to make this change to its business description so that shareholders as well as prospective investors can easily comprehend the company’s business and its goals. Although the stock has declined following this announcement it will be interesting to see if it can make a recovery later on today.
Market Reaction
RDAR stock fell 19% to $0.0013 with more than 245.70 million shares traded hands, well above its average volume of 51.68 million shares.
 Stock Corrects After The News){kind=link}